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the economy today. he reminded america that there was an election on tuesday and the people have spoken. the president spoke from the east room of the white house surrounded by middle class americans. he's ready to lead on fiscal challenges facing this country. >> the american people voted for action. not politics as usual. you elected us to focus on your jobs, not ours. and in that spirit, i have invited leaders of both parties to the white house next week so we can start to build consensus around the challenges that we can only solve together. >> no heavy hand, no arrogance whatsoever. if there's one word to sum up the president's presentation today, it's this. consistent. the guy who gave the speech is the same guy who we watched on the campaign trail for the last seven months. americans want cooperation when it comes to a deal on the united states economy and the president is delivering his side of the bargain. >> we can't just cut our way to prosperity. if we're serious about reducing the deficit, we have to combine spending cuts with revenue. that means asking the wealthiest ameri
and keeping the economy growing. all of it goes back to the looming fiscal cliff. $700 billion in tax hikes that will take place on january 1st unless there's a deal. >> he's going to reach out in a bipartisan way. . he's going to stick to his position on the revenues, but say we have to work together and i'm willing to do my share and lead my party. >> that 396 referring to the bush tax cuts. to make a deal, the president will need to work with congress, especially house republicans and they have been opposed to tax increases. we will hear from john baoehner too for the republican party. >> raising taxes on small business people is the wrong prescription. >> raising tax rates is unacceptable. and frankly it couldn't even pass the house. putting increased revenues on the table but through reforming our tax code. >> i want to bring in ruth marcus, columnist at "the washington post" and perry bacon, an msnbc contributor. what's your sense of this? are we setting up for a feisty but doable deal? but is it also possible we're in for a battle of epic proportions? >> yes to both ques
dead line sets up a stand off with the nation's economy hanging in the balance. a new congressional budget office report predicts a fall off the cliff. could send the unemployment rate skyrockets by the end of next year. with the books on his presidency already being written, but the second chapter yet to be lived, can the president find common ground with a deeply-divided congress and dodge economic disaster? >> it's a huge challenge for president obama, but also a huge opportunity. health care reform in his first term and putting the fiscal house in order for the next four generations as the signature achievement already? >> he's going to have to strike some deals. and he's going to have to make some grand alliances. >> joining me from the white house is kristen welker. explain the footprint we can expect to hear. >> reporter: good morning. i think that the president is going to try to achieve two things. first, to try to set the tone for his second term. your going it hear him make a call for bipartisanship. we heard some of that during his victory speech in chicago earlier this
today that the economy is on the upswing, and you might be driving it. good morning, everyone. welcome to "weekends with alex witt," let's get to what's happening right now out there as we have new information today on the shocking resignation of cia director david petraeus. we have now learned the fbi opened an investigation into his biographer, paula broadwell, for allegedly accessing petraeus' e-mails. all this just a week before the general was set to testify before congress on the benghazi attack. joining me now is greg miller, national security correspondent for "the washington post." greg, what a morning. let's get right to it. i'd like to hear the latest that you've learned. >> well, you know, the big question now is what is the reason for this fbi investigation into this e-mail? and it does look like this is an access to a personal e-mail account. so, this is not a case, as it initially appeared yesterday, of david petraeus coming forward to clear a guilty conscience or something. this is a case where he was flushed out in the open by an fbi investigation that had to do with s
with the economy. but immigration and what kind of a country we're going to be going into the 21st century more deeply with china and brazil and india and those competitors we have out there now. young people not being able to get a job. the manufacturing base changing. so i do hope that the president does have a strong concept of where he wants to go and how he wants to get there. look, be he's the first african-american president gets re-elected as an african-american president. those will be more than asterisks in history. now it's about legacy, andrea. it's about what did i accomplish. not just that i was unique as a candidate but would i leave behind for jen rags yet to come -- generations yet to come. >> you spent so much time with the military, the troops in iraq and afghanistan and wars going back. how damaging do you think it is to the morale when two of the most celebrated four-star generals, one is involved because of his acknowledged misconduct, the other peripherally involved, we now believe, because he got an e-mail, turned it over to authorities and now perhaps seen as a witness
about, you know, what students get in debt, like that's the biggest problem in the economy? it's crazy. >> there's also an irony here, too, because mitt romney represents the forces within our society who get, if you want to call them gifts, the most gifts. the defense industry, he was prepared to say he will increase the deficit to give you more. the elderly who mainly voted for mitt romney, if you want to look at the apportionment of government spending, get a far disproportionate share. most of the quote, unquote gift if you want to call it that, they're mostly going to the people who voted for mitt romney, red states who are basket cases, wards of the blue states. >> we're not against that. >> jared, final word to you. >> from the very beginning, it always looked to me like mitt romney and his minions looked down at the american economy and decided rich people don't have enough, and i just think that's not the economic analysis that's going to move this country forward. >> absolutely. >> and i'll bet he wasn't saying that when the olympics were asking for gifts from the federal gov
will coincide to basically push the u.s. economy into a recession unless congress does something about it. >> so remember that game on "the price is right" when the contestant had to avoid the guy going over the cliff, cue up the music, folks. going over the fiscal cliff means the end of the bush tax cuts. that would save $221 billion. but would raise most people's taxes by about 3500 bucks. reduces costs by $65 billion. general spending, including items on education and veterans benefits. a third cost redix, the payroll tax holiday expires. $95 billion saved there. and finally, emergency of employment benefits and health care and tax cuts, benefits saves the largest chunk there. that's $225 billion. if all of these cuts happen, the deficit improves by $607 billion. it would go down almost 40% but come at a hefty price. the economy would go over the fiscal cliff, sending the economy back into a recession. budget office projecting the unemployment rate could jump to 9.1% by the end of the year and that economic growth as well could shrink by half of a percent. i want to bring in bill schneider, c
is offering the republicans. at some point, and i don't know how much we have to damage the economy before that, republicans will do something they haven't done in years and vote for a tax increase. >> thank you both. >> thank you. >> coming up, the fallout from karl rove's $300 million fail is getting humorous. wait until you hear the new plan. >>> and breaking tonight for the first time we are hearing what mitt romney really thinks about why he lost. you will not believe who he's blaming. stay with us. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. out for drinks, eats. i have very well fitting dentures. i like to eat a lot of fruits. love them all. the seal i get with the super poligrip free keeps
-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. plo. >>> shakeups and shakedowns. we can expect some president obama has invited congressional leaders to the white house next week to try top find some common ground on a drastic budget cuts set to take effect january 1st. while they are pledging compromise, both seem to be digging in on the bush tax cuts. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue. and that means asking the wealthiest americans to pay a little more in taxes. on tuesday we found out that the majority of americans agree with my approach. democrats, independents, and some republicans. >> instead of raising tax rates and accepting the damage it will do to our economy, let's start to solve the problem. let's focus on tax reform, that closes loopholes and lowers tax rates. >> let's bring in reed wilson. good afternoon to both of you. >> good afternoon. >> let me start with you. are we in for a new era of cooperation? is the end to the gridlock behind snus. >> well, i think it's a little too soon to get t
about in the election. >> i need to know that they should focus on creating jobs and growing the economy. >> we have a jobs crisis. >> we're going to create one million new manufacturing jobs. we're going to train two million workers. >> the answer isn't government. the answer is more good jobs. >> what happened to jobs? when are we going to talk about jobs? >> it's really funny because during the campaign trail, both romney and the president they voided the whole fiscal cliff. there was little talk about what washington will have to do. here we are and have to deal with the major issues that could have a negative impact on the economy. the people who were pushing big deficit packages, even the business communities say, if we get a deal, that would be good for the economy and grow jobs. but if there are tax increases, that could set the economy back. something the cbi warns if nothing happens could send the economy back into recession. the message in washington is how do we avert this crisis. it's not how are we going to create jobs right now. >> i guess we'll have to wait a little longe
-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ and need to get my car fixed? progressive makes it easy, because we give you choices. you can pick where to get your car fixed, we can cut you a check, or, at our service center, we take care of everything for you. [ relaxing music playing ] [ chuckles ] -whew, so many choices. -take your time. -the service center. -okay. giving you choices -- now, that's progressive. call or click today. plo. >>> shakeups and shakedowns. we can expect some president obama has invited congressional leaders to the white house next week to try top find some common ground on a drastic budget cuts set to take effect january 1st. while they are pledging compromise, both seem to be digging in on the bush tax cuts. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue. and that means asking the wealthiest americans to pay a little more in taxes. on tuesday we found out that the majority of americans agree with my approach. democrats, independents, and some republicans. >> instead of raising tax ra
on the economy in the first year of this ten-year. that is slowing down the gdp by four percentage points that's kicking us into a deep recession. >> i think everybody's aware of that. i don't think that anybody, whether new members coming in now or whether existing members who have been there for a while i don't think anybody has any illusions of the urgency of this. it doesn't mean it's going to be easy. john boehner has to deal with the problems he had to deal with a year ago in terms of his caucus. it's really important that we are in a place where we're further away from the 2010 victory for the tea party. the members of his caucus that were most difficult to deal with a summer ago, those people were coming off of a huge victory in 2010, now much further down road and coming off -- many got re-elected tuesday but the whole political environment has changed given the success of not just president obama but democrats more broadly in congress. and it does change everyone's incentive structure. there's no one, no one, who is politically well affected positively affected if the country drops i
would jump to 9.1% by the end of next year and the nation's economy could slide into another recession. joining me for our daily fix, special panel, chris cizilla, msnbc contributor and managing editor of post politics.com, mark halperin, senior political analyst for "time" and msnbc. >> greg, u.s. economics editor for the economist and "new york times" andrew ross sorkin, co-host of "squawk box" on cnbc. welcome all. first chris cizilla and mark halperin, the political side of this, chris, your reporting so far, we've seen speaker boehner today, what chuck schumer had to say, the president's expected to announce that he is inviting all of the leaders to the white house to discuss the fiscal cliff. >> right. i think what we've seen broadly is marking out of territory, with a strong emphasis on willing to work across the aisle. i don't expect president obama to go into specific detail of how he's going to get this done. i do, however, expect kind of this, you know, the election is now over, let us come together tone. and to be honest, i think he does have a stronger hand in this, than m
't that be good for the economy? the president is open to compromise, but he's not going to give away the store, not this year. he learned his lessons back in the lame duck session of congress, 2011. so today he openly rejected the mitt romney, john boehner solution for tax reform. >> what i will not do is to have a process that is vague, that says we're going to sort of, kind of raise revenue through dynamic scoring or closing loopholes that have not been identified. and the reason i won't do that is because i don't want to find ourselves in a position six months from now or a year from now, where lo and behold, the only way to close the deficit is to sock it to middle class families. >> now, that is the classiest way i have ever seen anybody say, you know what, somebody's got to pick up the bar tab, boys. this is what president obama ran against in the presidential election. mitt romney's approach to tax reform was, trust me. the american public wanted specifics. and president obama continued to give specifics today, but the economy wasn't the only thing on the president's mind today. earlier
in chicago. he's back here, and the real work begins starting with the economy including that fiscal cliff that you mentioned. taxes and budget problems that could kick in by the end of this year. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. >> reporter: fresh off his election victory, president obama's already been on the phone with top democrats and republicans in congress urging them to compromise before america falls off the fiscal cliff. what's that? long-term unemployment benefits and the 2% payroll tax cut expiring, a big cut in medicare payments, and your taxes going up january 1 if congress doesn't act. plus, another $500 billion in cuts at the pentagon. boeing, the military's second largest supplier, already announced a second round of executive layoffs. >> nobody wants to see this fiscal cliff without a deal because the cuts are severe and the tax increases are severe and so we've got to find a path forward. >> reporter: on capitol hill leaders signaled compromise. >> compromise is not a dirty
given where our economy is. >> is it on the table to talk about? >> i made clear yesterday that raising tax rates is unacceptable and frankly it couldn't even pass the house. >> at issue here is this perfect economic storm that could have serious consequences. nbc's andrea mitchell breaks it dun for you. >> reporter: the campaign was tough. victory is sweet. now comes the hard part. >> on january 1st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. >> reporter: so what exactly is the fiscal cliff? it's night mare combination of tax hikes and spending cuts the president agreed to to force themselves into a compromise. so far, they haven't agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expeer. the alternative minimum tax kicks in. more than half of all married couples with two children would owe an additional $4,000 in taxes each year. those with three or more children, that jumps to $4700. on top of that, the 2011 temporary payroll tax cut would expire, so add on a 2% tax increase
were the issues americans cared about. economy and then a big storm on the east coast. they covered it and they covered it pretty well. >> jon: the exit polls thought that voters mitt romney was better equipped to handle the economy than barack obama. >> then it says something about the attitude toward the two men and they made a choice or the two parties and they made a choice. if you just go by viewers, fox mrs. msnbc, romney should have won three to one. >> jon: exit polls, some suggest reflected sort of the media theme that barack obama is a kiachbd of the little guy and middle-class and mitt romney is a rich guy that only cares about rich guys? >> i think it's clear that obama is the person who is looking to have middle-class tax cuts and mitt romney was to give tax cuts to rich people. what i would say, the reason i don't think the media played as big of a role in this. the reason barack obama won is because he ran a superior campaign. it was very targeted in these battleground states. i would be more interested in seeing exit polls from the battleground states which unfortuna
the economy from the middle class out, that's not just a talking point. that's a concept that americans embraced. >> you don't have a mandate unless you believe you have a mandate. if you negotiate like you have a mandate. are you confident or are democrats confident the president is going to draw the hard line when he has to. >> the president will not give back. and they have gone so far to say -- it doesn't get more clear than that. >> you mentioned bill crystal. when he steps up and says what he says, isn't giving boehner some cover to make the deal that there are some conservative media people out there with some influence that will give him some backup? it seems like solid messaging. >> my little kids use. >> has he lost his influence or just as strong. will he play into this? >> i don't think he's lost the influence that he should have. and he is a key to that super pac money. the super pac money is the big problem here that looms large over the reelections of many of these tea party republicans who fear losing in primaries. if they spread too far from the right, they don't come b
cuts that would cause uncertainty and damage to the economy if they're not dealt with. extending those tax cuts for 98% of the american people would deal with more than half in dollar terms of the impact caused by the fiscal cliff. there are other challenges that we would need to address, including the sequester, but congress ought to the house out to pass those tax cuts right away. it would send a tremendous positive signal to the american people that in the wake of this election, we can at the very least come together and convert into law a bill that everyone aa agrees should become law. republicans and democrats alike, the president included. and we will then continue to work on those issues where we have broader disagreement, and that's why the president has invited leaders of congress here to the white house next week. that's why he will be meeting with business leaders and labor leaders and others to get their input and ideas about how to move forward. as he said he does have his own very specific plan that reduces the deficit by $4 trillion. that does
, a sluggish economy, and powerful pro romney superpacs. now comes the hard part for the president, getting past what some call that second term curse. joined by "washington post" editor, pulitzer prize winner david marinis. good afternoon to you, sir. >> great to be with you, craig. >> you write in some detail about precisely how the president spent election day and election night. we know he played basketball. we just heard a few moments ago from one of the guys he played with. >> that's right. >> how confident was the president when the tallies started to come in? >> well, he was very confident in his staff, was remarkable. and they were telling him that everything was solid. so there is always a minor, you know, fear in the back of your head. but he knew he was going to win. >> one of the criticisms of the president's campaign at least was that it lacked details of his goals and how he planned to achieve them. did the voters wednesday morning actually come away knowing the president's agenda for a second term, the you think? >> well, he described three major things that he wants to do.
it down the road for years. it's bad for the economy. it's bad for the country. i'm also optimistic because, when you look at what this country has, we have the same bright, talented people we've always had. we have the same great natural resources and history and ideals and values to lead for another generation, another century or many centuries. we have to get our governance together, and i think that's what the american people are saying, and i think on the signature question in terms of the fiscal reforms, the american people have spoken that they do concur with a balanced approach that includes new revenues as well as spending cuts. >> question to the congressman, if i may. i've always thought and heard from people in his cabinet and his office of management and budget people that this president has always wanted real entitlement reform. he believes in it. have i heard wrong or right on this? obviously, he wants revenue raising at the same time, but i think that he really understands that social security and medicare do need to be reformed in a way that, yes, it has to be polit
to be there not in a bee lidge rent way, but as a broker. this is an economy issue. so i think that this withdrawal has to be done because our true national security is in the western pacific. >> let's talk about the unemployment rate here at home for post-9/11 veterans. it's 10%. for women, 15.5%. and both of those numbers are far too high. so what can we be doing to help our veterans when they return to civilian life? >> in the case of jobs, two things. i think it was outrageous that the senate voted to spend over $100 billion on that war where it was all put on to our credit card would not approve a bill for $1 billion for job corps this summer. and you have to look at not just policieses, but how well are they executed. texas hired 25 veterans. and every time a discharge -- a veteran is given his discharge papers or texas veteran applies for unemployment, both those forms are the veteran's contact information is sent to that office of those 125 veterans. they then contact every single texas veteran with half their office. the other half is getting together all the businesses in texas and they match
need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >>> today in his first public remarks after his historic election, president obama sent a shock message to republicans who didn't listen for tuesday's results. he ran on raising taxes on those at the very top and the american people supported that stance and not rush limbaugh, speaker boehner should stand in the way. either they get in line or they can get run over and judging by the resounding welcome he got, the president got a lot of wind at his back. >> the president and vice president of the united states. [cheers and applause ] >> thank you. thank you, everybody. thank you. thank you very much. >> the support for the president's economic ideas extend far beyond that room. americans nee
back to us expanding the economy though there was no evidence of that. romney's gift would have cost taxpayers money. obama's gift saved taxpayers money. >> talk about the splintering inside the republican party or what seems to be happening, you're a supporter of the jindal position which is more tolerant, less coated in racial rhetoric, do you think there's room in the republican party for both of these kinds of voices which is to say, one group of people which is you know karl rove is doubling down saying conservatives shouldn't abandon principles what they need to work on is messaging and bobby jindal advocating for a wholesale rethinking of what conservatism and what the grand old party means in the 2th century. >> i'm encouraged there are more voices and people in the party advocating i think on the jindal side of the argument. i think that -- i was glad in many respect is it was a definitive outcome, there wasn't a split vote on the electoral college and the popular vote. many republicans have gotten the message. they understand we need to get right on issues like immigration,
Search Results 0 to 49 of about 140 (some duplicates have been removed)